MINISO Group (NYSE:MNSO) Shares Gap Up – Should You Buy?

MINISO Group Holding Limited (NYSE:MNSO) shares gapped up prior to trading on Tuesday . The stock had previously closed at $16.90, but opened at $17.30. MINISO Group shares last traded at $17.31, with a volume of 68,811 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MNSO. Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price target (down from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. Citigroup assumed coverage on shares of MINISO Group in a research report on Friday, October 4th. They set a “buy” rating and a $26.80 price target on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.90.

MINISO Group Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The firm has a market cap of $5.46 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 0.69 and a beta of 0.15. The firm has a 50-day simple moving average of $17.68 and a 200 day simple moving average of $18.37.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Friday, August 30th. The company reported $0.26 EPS for the quarter. The business had revenue of $555.26 million during the quarter, compared to analyst estimates of $557.54 million. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. As a group, equities analysts expect that MINISO Group Holding Limited will post 1.23 EPS for the current year.

MINISO Group Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were given a $0.274 dividend. This represents a dividend yield of 1.6%. The ex-dividend date was Friday, September 13th. MINISO Group’s dividend payout ratio is presently 49.07%.

Hedge Funds Weigh In On MINISO Group

Large investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in MINISO Group in the 2nd quarter worth about $26,000. Blue Trust Inc. raised its position in MINISO Group by 3,098.4% in the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after buying an additional 1,890 shares during the last quarter. FMR LLC raised its position in MINISO Group by 230.2% in the 3rd quarter. FMR LLC now owns 4,137 shares of the company’s stock worth $73,000 after buying an additional 2,884 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in MINISO Group in the 3rd quarter worth about $78,000. Finally, Banque Cantonale Vaudoise purchased a new position in MINISO Group in the 2nd quarter worth about $118,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.